Consolidated Financial Highlights
SKY Perfect JSAT Holdings Inc. and Consolidated Subsidiaries
Years ended March 31
Thousands of U.S.
dollars, except per
share data (Note 1)
Millions of yen, except Per Share Data and Selected Financial Indicators
For the Year:
Revenues
2008
¥ 121,402
Cost of Services
Selling, General and
Administrative Expenses
Operating Income
Income before Income Taxes
and Minority Interests
Net Income
Comprehensive Income
2009
¥
145,412
2010
¥
141,069
2011
¥
141,850
¥
2012
2012
155,242
$ 1,889,974
70,565
87,181
86,151
86,028
99,062
1,206,012
39,582
41,342
39,825
42,319
38,694
471,076
11,255
16,889
15,093
13,503
17,486
212,886
6,712
4,438
16,446
9,862
15,897
193,545
9,107
4,047
14,223
4,421
8,569
104,328
—
—
—
3,658
9,065
110,366
EBITDA (Note 2)
25,411
29,654
41,702
35,257
42,006
511,393
Depreciation and Amotization
16,127
22,037
23,807
24,039
24,892
303,040
Capital Expenditures
36,193
35,220
29,710
18,757
13,972
170,105
Net Cash Provided by Operating
Activities
Net Cash Provided by (Used in)
Investing Activities
Free Cash Flow (Note 3)
Net Cash (Used in) Provided by
Financing Activities
50,064
31,431
39,340
38,957
39,977
486,687
(51,080)
(27,778)
(23,887)
(28,595)
1,995
24,289
(1,016)
3,653
15,453
10,362
41,972
510,977
1,457
(7,766)
10,836
(17,302)
(34,993)
(426,016)
At Year-End:
Cash and Cash Equivalents
Total Assets
¥
45,000
322,213
40,420
309,812
¥
66,727
335,164
¥
59,500
¥
322,079
66,405
$
300,133
808,431
3,653,921
96,843
92,534
107,511
91,693
62,506
760,970
176,500
173,502
183,338
180,065
185,052
2,252,887
Interest-Bearing Debt
Total Equity
¥
Per Share Data (Yen and U.S. dollars)
Net Income
¥ 2,662.00
¥ 1,190.35
¥ 4,226.16
¥ 1,313.76 ¥
2,546.26
Total Equity
49,801.39
50,341.69
53,560.19
53,452.19
54,952.96
669.02
1,500.00
1,200.00
1,200.00
1,200.00
1,200.00
14.61
9.3
11.6
10.7
9.5
11.3
EBITDA Margin
20.9
20.4
29.6
24.9
27.1
Equity Ratio (Note 4)
52.9
54.7
53.8
55.9
61.6
5.3
2.4
8.1
2.5
4.6
56.3
100.8
28.4
91.3
47.1
Cash Dividends
$
31.00
Selected Financial Indicators (%)
Operating Margin
ROE (Note 5)
Dividend Payout Ratio
Notes: 1. U.S. dollar amounts are included solely for the convenience of readers outside Japan and have been made at the rate of ¥82.14 to $1, the approximate rate of exchange at March 31, 2012.
2. EBITDA is calculated as Net Income + Tax Expense + Depreciation Expense + Interest Expense.
3. Free Cash Flow is calculated as Net Cash Provided by Operating Activities + Net Cash Provided by (Used in) Investing Activities.
4. In calculating Equity Ratio, equity excludes minority interests and stock acquisition rights.
5. In calculating ROE, equity excludes minority interests and stock acquisition rights.
12
Who we are
Consolidated Financial Highlights
Operating Income, Operating Margin
(Millions of yen)
(Millions of yen)
145,412
150,000
141,069
141,850
17,486
16,889
155,242
15,093
15,000
121,402
100,000
15
13,503
11,255
11.6
10.7
5,000
2008
2009
2010
2011
0
2012
5
2008
2009
2010
2011
10,000
14,223
9,107
8,569
2012
0
5,000
0
4,421
4,047
2008
2009
2010
2011
2012
(Millions of yen)
(%)
50,000
50
30,000
29.6
30
25,411
20.9
20
20.4
10,000
0
40,000
22,037
20,000
27.1
24.9
20,000
(Millions of yen)
30,000
40
35,257
29,654
Capital Expenditures
(Millions of yen)
42,006
41,702
40,000
Depreciation and Amotization
23,807
24,039
24,892
2009
2010
2011
2012
35,220
29,710
30,000
16,127
18,757
20,000
13,972
10,000
10,000
10
2008
36,193
0
0
2008
2009
2010
2011
2012
0
2008
2009
2010
2011
Review of Operations
EBITDA, EBITDA Margin
Special Feature ——
Keep on Growing
Operating Income
Operating Margin
2012
EBITDA
EBITDA Margin
Free Cash Flow
Cash and Cash Equivalents
Total Equity, Equity Ratio
(Millions of yen)
(Millions of yen)
(Millions of yen)
200,000 50,000
80,000
200,000
41,972
40,000
45,000
100,000 20,000
-10,000
150,000
40,420
52.9
173,502
54.7
183,338
53.8
180,065
55.9
185,052 80
61.6
60
100,000
40
50,000
20
10,362
10,000
0
40,000
15,453
176,500
3,653
20,000
-1,016
2008
2009
2010
2011
0
2012
2008
2009
2010
2011
2012
0
2008
Total Equity
Equity Ratio
ROE
Dividend Payout Ratio
(%)
2009
2010
2011
2012
0
(%)
120
10
100.8
8.1
91.3
8
6
80
5.3
4.6
4
40
2
0
2009
47.1
2.5
2.4
2008
56.3
2010
2011
Financial Section
50,000
59,500
60,000
30,000
66,405
28.4
2012
0
2008
2009
13
2010
2011
2012
Corporate Data
150,000
66,727
(%)
Corporate Social
Responsibility
0
15,000
10
9.3
50,000
(Millions of yen)
11.3
9.5
10,000
20
To Our Shareholders
and Investors
20,000
Management Policy
and Framework
200,000
Net Income
(%)
Consolidated
Financial Highlights
Revenues